Build with Leila Hormozi The Tactical Guide To Building a Great Brand | Ep 169
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Aug 7, 2024 Exploring the essence of branding, this discussion cuts through the noise with practical insights. It emphasizes the importance of clarity and repetition in crafting a memorable brand that resonates with its audience. Real-life examples reveal how strong brand associations can command premium prices. The conversation highlights how being polarizing can enhance brand equity and attract top talent, while personal branding amplifies influence without guaranteeing financial success. Tune in for tactical advice that turns branding into an unshakeable business strategy!
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The Power of Brand
- Strong brands command premium prices and inspire immediate purchases.
- This is exemplified by luxury brands like Fendi, Chanel, Apple, and celebrity brands like Kylie Jenner's and Kim Kardashian's Skims.
Brand as Association
- Brand is the association between two or more things, where the audience must know one of them.
- Leila Hormozi uses examples of Chanel and her husband, Alex Hormozi's company, Acquisition.com, to illustrate this.
Gym Launch: A Brandless Success
- Leila Hormozi discusses building her first business, Gym Launch, without focusing on brand.
- Despite advice to invest in content and branding, they succeeded with paid ads and outbound strategies.